Saudi Arabia recorded a Government Budget deficit equal to 11.20 percent of the country's Gross Domestic Product in 2020. source: Saudi Arabian Monetary Agency

Government Budget in Saudi Arabia averaged 0.81 percent of GDP from 1969 until 2020, reaching an all time high of 43.20 percent of GDP in 1973 and a record low of -25.30 percent of GDP in 1987. This page provides - Saudi Arabia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Government Budget - values, historical data and charts - was last updated on September of 2021.

Government Budget in Saudi Arabia is expected to reach -3.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Government Budget is projected to trend around -2.50 percent of GDP in 2022 and -2.00 percent of GDP in 2023, according to our econometric models.

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Saudi Arabia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-11.20 -4.50 43.20 -25.30 1969 - 2020 percent of GDP Yearly

Saudi Arabia Government Last Previous Highest Lowest Unit
Government Debt to GDP 32.50 22.80 103.50 1.60 percent of GDP [+]
Government Budget -11.20 -4.50 43.20 -25.30 percent of GDP [+]
Government Spending 181365.00 164082.00 232789.00 76217.00 SAR Million [+]
Government Revenues 781834.00 926846.00 1247398.00 5668.00 SAR Million [+]
Fiscal Expenditure 1075734.00 1059445.00 1109903.00 6028.00 SAR Million [+]
Military Expenditure 55535.00 61952.00 88520.00 811.00 USD Million [+]
Government Budget Value -293900.00 -132599.00 580924.00 -362229.00 SAR Million [+]
Credit Rating 75.00 [+]

Saudi Arabia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.